1937-09-20 — Page 16

12

DAILY SHARE QUOTATIONS Hong Kong Stock

Exchange

Sharebrokers'

Association

Notausal

SATURDAY, SEPT. 18.

Súpra

Sain

Batyou

:-་

$1,550 Los

€15) £33į 216

$290 $350 32

3975

HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 20, 1937,

THE EXCHANGE

MARKET

MESSRS. ROZA BROS,

il

Saturday, Sept. 18. Silver prices were unchanged yesterday, the quotations remain ing at 20 for Ready and 191 for Forward. Silver advices reported India as having bought. A small business was done. The market was quiet. American Suver was quoted at 44 for Spot.

The London/New York cross- rate was higher at 496.40. "New York/London was quoted at 490.- 11/16.

$1,050 £35

.. Bazy

133

Do. (London) ........' Uhartered Banks...

g33

Mercantile Bks, "A"

LIB

Do.

8101

Bank of East Asia...

100

N. O. & S. Barky

Insurances

1300

Canton Laan?SOCO®.

$610

Union InsuraUCES

$2

Underwriters

1280

H.R. Firos..pone

$3

international Assos. *.

Shipping

Douglasen

1481

181

Steambts

$81

$51 $43

lado-China (pref.)

301

Do. (def.)

142

103/13 Shellaes i.·

1 39

19.30

$9.30

der.

15/0

$10)

Staubs

15:

848)

$

*

310

10 db

$32.8

$31

#341

31024

Waterboute

Mising

Kailang....

Venezuela Gold Fld+. $4.30

Docks, WharVOS,

Godowns, etc.

H.K. & K. Wharves.

Providents (old)

Do.

(now)

LK. & W. Docks

Shangrini Docks S.

Now Eagiaverings S.

Lands, Hotels, and

Bindings

H.K. Hotels

카

H.K Lands..........

Do. 4% Debentures

Shaugti Lända...8. Stotropolitan Lauda,

1.6. Realiešanas China Do .............................. D. Debentures 5.

Humphreys **** Chines Estatos.... Cotton" MEL

113.80 Bwo.....

S'hai Cottons(uld)S.

Du. (new).

36.90

11

·BJD

$1.

$80

jy

186

!!!

15/0. $11.45

$119 #2.20

50 eta $330

$100

13

$6.03

105 5102

$1.90

39

3134

190

83+

$40

$100

34

Zoong Sings.......

18

Wing On Textiles(8.)

Ewo Cotton Rt., S.

Pabile Utilities

114.60 Tramway

814

Poak Triam (ok!) ... 33

Du. (new)... A

198

Star Forries pano

185

$27

Yaunati Ferries .......

*27

$13.90

hins Lights (old).......

#13)

$13.70

Do. (new)...

109

H.K. Electrics

$13.30 $591

48

Macao do......

3,44

Sudakan Lighta ...

$29.00 Colophones (old)...

Caldbeck,

Canton Ices

$15.10 Coments

**

61.60 Do.

(new)...

29.40 $17.30

3124 China Buaus ....... 23/9

Tractions ***** Da (prof)...

24/

Industriala

$14

re

| Macgregors f(prod.18.

$2

-16

50.00

Hope .........

16,20

Miscellaneous

3263

Dairy Farta

'5.40

Ch. Etainmouta......

$26) $1.80

$1.60

31.00

rewi

$1

10.65

Lane Crawforda......

Nanyang Tubacou......

39.00

Biaceres

18.50 $8,80 >21

35.40

Warsong

S. C. Enterprises

$5.35

$1

#7

Ch.G. 5. 192544.6 Bİ

prem.%

H.K. Gort, 42Line|

Dɔ, 34%

$30

H.K Wing Ou (... ..! S'hai

'4)

Vibro Piling

105 3100 $4.90

(H.&.)]

3;-

Constractions, (old)51.80

Do.

Wallace Harper

23/9 Maremans Ir v. (Lon.)

Wm: Powells

•Sales to Shinghai

LONDON EXCHANGE RATES

(British Wireless Service).

Furis

Geneva

Berlin

Athens

Milan

Copenhagen

Sept. 15.

1462

Sept. 16 147)

21.541

12.331

21.582 12.341

94

94

4.95-7/10

Stockholm

Shanghal

New York

4.947

Amsterdam

8.097

9.00

Vienna

Prague

141}

1414

Madrid

Lisbon

Hong Kong

Bombay

Montreal

4.942

29.394

Brussels Yokohama Belgrade

Monte Video

OVH

Bucharest

Silver (Forward)

Silver (Spot)

War Loan

DA LONDON:----

19 13/16

19 15/16

35% 100%

Closing Quotations

September 18, 1837.

Telegraphic Transfer...

Back Bills, on demand 1/8

Oredits, four months'

right

ON SHANGHAI:-

4.95-7/16 29.441

191

20

MARKET

Quietly steady.

STERLING

PHILIPPINE MINING

NEWS

Marsman - Managed properties recently. The plant is now op- produced P¥13,338 during August, crating at around 700 tons a day, this figure to be stepped up soon. Twin Rivers is the only tailings

from

48,518 tons of ore treat- ed, according to reports made in the Marsman Magazine. The gold output is a gain of some 25 per cent over July, while the tonnage is 10 per cent higher than for the preceding month.

plant in the Islands, and treats tailings from Benguet Consolidat- ed. Balatoc, Bagulo Gold, Antamök Goldfelds, Itogon, Cal Horr.

Itogon treated 24,810 tons of ore. Dulangan Mining Interests Com- from which P297,839.24 was recov-pany has signed a contract with ered. Suyoc Consolidated produced J. B. Hoover for several hundred The P28.778.76. from 6,186 tons treat- feet of diamond drilling. ed. United Paracale established a

veins. opened by a 100-foot shaft, prospected at depth by new monthly record, with P191,- will be 853.71 produced from 9,482 tons drilling. as will several tunnels.. milled. San Maurielo treated 8,058 Trails are being cut to the drill tons of ore. and recoved P93.-sites, and work will begin as soon as the drill arrives at the island of Sibuyan, where the properities of the company are located.

Twin Rivers produced P33,318.98 during August,... It

was learned

There were sellers at 13 Sep-064.40. tember/November and 1/2 31/32 December. buyers at 1/3 1/32 Cash/November and 1/3 Decem- A small business was done nt 1/3 for 'December.

U.S. DOLLARS There were sellers at 31 1/16 September. 31 October, and 30 15/16 November/December, buyers at 311 Cash/September 31 1/16 October and 31 November/Decem- ber.

•

SHANGHAI DOLLÁRS 104! nominal

SHANGHAI MARKET

There were sellers of Sterling at 1/2 13/32. buyers at 1/2 7/16 for Spot. U.S. Dellars, sellers at 2013/16, buyers at 291 for Spot.

THE ART OF SELLING

Expert's Advice To Young Drapers

All customers. both good and bad, should be treated as honoured guests, sald M. Percy A. Best at the Summer School of the Drapers': Chamber of Trade at Oxford re- cently.

Mr. Best, discussing mean and difficult customers, warned stu- dents that they would be unjustly treated at times, but he urged them never to meet rudeness with rudeness,,

he

SHOCK-ABSORBING RAIL WAGONS

The London, Midland and Scot- tish Railway are proposing to in- troduce a fleet of shock-absorbing wagons for the better protection of goods carried on their system.

One of these wagons, designed by the LM.S. Chief Mechanical Engineer, Mr. W.A. Stanier, in conjunction with the Chief Com. mercial Manager's Research Sec- tion, was successfully tested re- cently at St. Pancras. It is the Ars of an order, of 100, which are to be constructed at Derby. They will be used for the conveyance of such breakable goods as glass in crates, earthenware, and tiles.

An Ingenious springing arrange- ment enables the body of the body of the shock-absorbing wagan the chassis, and additional protection is given by special shock-absorbing, buffers

to "float" on

CAR AGE

AND CAR

ACCIDENTS

THE DANGER" PERÍOD

3

The shock-absorbing element con- sists 01 two sets of horizontal, India-rubber springs, forming cuffer arrangement between the wagon body and the chassis, on which it rides. and four sets of horizontal rubber springs, which are attached to the chassis and uath the same way.

of tests carried The sequence out recently revealed the superio- rity of the new wagon over the standard wagon in its ability to absorb shock. Special recording instruments were used, and in che test the special wagon absorbed the shock so well thas no Agure was recorded on the graph.

An L.M.S. official described the result of the tests as "extremely satisfactory," adding that the new wagons should greatly reduce the losses suffered by damage to goods in transit.

JOHN AMERY'S BANKRUPTCY

Discharge Refused

John Amery, aged 24, of Ditton Lodge, Maidenhead-court, Maiden- head, son of Mr. L. 9.-Amery, ap- plied to Judge Cotes-Freedy; at Windsor County Court recently for ac-his discharge from bankruptcy. He

was described as a film director.

been

to

"Just treat these difficult custo- mera as pathological cases." said. "Never be afraid of the one So far no attempt has exceptionally mean customer who been made in this country

ear age with car will always try to take advantage correlate of you and try to get something cidents: yet the idea prevails that, to which she is not entitled." generally speaking, the older the Mr. Best said it was important car the more liable to accident it that they should know something will be. One frequently hears de- about the goods they had to sell.

mands that the roads shall be

old cars In this age of fashion it was not cleared of

for safety's necessary to know all about stress sake, and the impression seems and strain,, or about how many

to be widely held that, with a few threads there were to an inch.

exceptions, no 'old car cah possibly be safe, writes the "Morning Post "In the old days, when I was an apprentice," he went on. "custom motoring correspondent.

90% ES used to pull vigorously at 11084 material and ask. Does it wear?" $101 Nowadaya fashion rightness

J

40 our

31% 100-7/18

US NEW YORK:—

Bank Bills, on demand 30% Credita, 60 days' sight. 311 ON BATAVIA

On demand

everything.

18

SCARCITY OF ASSISTANTS "Furthermore, you must try to help a customer, even if you have not what he or she require. When you have not got what the cus- tomer asks" for. It is all wrong simply to say, 'We have not got it. This is what we have as much as to say. take it or leave it. You must do all you can to help cus- tomers to get just what they want."

Mr. Best, referring to the dll- fculty of obtaining a sufficient supply of the right type of drapery

assistants, said that in his ap- prentice days members of the trade came from "nice middle-class families." for there were not so many openings for children as now.

On

The application was opposed by the Official Receiver. Mr. J. Bruce Simmons, who aald Amery became insolvent last autumn. his bi- ties totalling £5.081, with assets

nil.

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA.

BANKING CORPORATION

Authorised Capital $50,000,000 Issued & Fully Paid-Up 820,000,000" Reserve Funds:-

£ 6,500,000 Sterling

Hong Kong Currency

Reserve Reserve Liability of

Proprietors

AUSTRALIA AND CHINA Ineoporated by Royal Charter 1853

HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2,

..$10,000,000 | Paid-up Capital............................................... £3.000.000

Reserve Fund ........

............. £3.000.000 .$90,000,000 | Reserva Liability of Pro-

prietors

£3.000.000

MANCHESTER' BRANCH: 71; Mosley Street, Manchester.

Head Office:-HONG KONG

Board of Directora. U Miskin, Esq.,

Chairman. Hon. Mr. M. T. Johnson,

Deputy Chairman.

L

J. K. Bousfeld, Esq., A. H. Compton, Esq., S. H. Dodwell, Esq.,'

J. R. Manson, Esq.,

K. S. Morrison, Esq..

Hon. Mr. J. J. Paterson,

T. E. Pearce, Esq.,

A L. Shields, Esq.,

Sir Vaudelaur M. Grayburn,

Chief Manager.

Amoy

Bangkok

Batavia Bombay Calcutta Canton Chafoo

Colombo Dairon Foochow

Saigon

Branches:--

Iloilo

Peiping

1poh

Penang

Johore

Rangoon

Robe

Kowloon Kuala

Lumpur Shanghai

London

Lyons

Malacca

Haiphong Manila Hamburg Muar. Hankow Farbin Boogkew

Current

San Fran-

cisco

Singapore

Sourabaya Sungei

Pataui

Tientsin"

(Johore) Tokyo' Mukden Tsingtao New York Yokohama

io

Accounts opened Local Currency and Fixed Deposits received for one year or shorter periods in Local Currency and terms which will be Sterling on quoted on application.

Also up to date Safe Deposit Boxes in various sizes To Let. Hong Kong, 12th May, 1037.

BONG KONG SAVINGS BANK

..

THE Business of the above Bank is conducted by the HONG KONG & SHANGHAI BANKING CORPORATION. Rules may be obtained on application.

For the HONG KONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 1st March. 1937.

BANK OF EAST ASIA, LIMITED.

5,598,600.00

AGENCIES AND BRANCHES: ALOE BTAR ILOILO AMRITSAR XPOR BANGKOK KARACHI

BATAVIA BOMBAY

KLANG IOSE

CALCUTTA KUALA CANTON

LUHPUX

KUCHING

MADRAS

CAWNPURE

CBE

COLOMBO MANILA

SAIGON BEMARANG

BEREMBAN

SHANGHAI

SINGAPOZA

MITIAWAN

BOURABATA

(Bhuket)

爽

TAIPING

TIENTSIX

TONGKAH

DELEI

MEDAN

KAIPHONG

NEW YORK

TSINGTAO

HAMDURG

PIPING"

YOKOHAMA

BANKOW

HARBIN

(Peking) zamBOANGA

PENANG

HƯNG BOND BARTOON

叫

FOREIGN EXCHANGE and Genera) Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One raten Year or shorter periods at which will be quoted on applies- tjon.

The Bank's Head' Office in Lea don undertakes Executor & Truste business, and claims recovery .of British Income Tax overpaid, on terms which may be ascertained as any of the Agencies and Branches.

R. W. ROBERTS,

Manager.

THE CHASE BANK

15, QUEEN'S ROAD CENTRAL,

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

An American Bank offering com- plate Foreign Banking Service in the principal Markets of the world.

*

Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHABE NATIONAL Bank, NIW Your, with Resources over U.S. $2,300,000,000,

D. M. BIGGAR

'Manager.

LIMITED

Authorized Capital ...$10,000,000.00 THE YOKOHAMA SPECIE BANK Paid-up Capital....... Reserve and Undivided

Profite

HEAD OFFICE-HONG KONG he had the effrontery to ask for No. 10, Des Voeux Road, Central. his discharge. In his public ex-

Now, within a few weeks of the closing of his public examination,

2,774,726.76 Capital (fully paid up)

Yen 100,000,000.00 Yon 134,400,000.00

Board of Directora

Sir Shouson Chew, Chairman Li Koon Choa, Esq. Li Lan Sang, Esq. F. K. Kwok, Esq. Wong ChuSon, eq Wong YunTong,sq. Kan Ying Po, Esq.

Funging Wah, Chan Ching Shek.

Esq.

Esq.

Kan Tong Po, Esq., Chief Manager. Li Too Fong, Esq., Manager.

Reserve Fund

***

HEAD OFFICE:—YOKOHAMA

BRANCHES AND AGENDIES TH Alexandria Honolulu Bangkok Hainking Batavia Berlin Bombay Caloutta Canton

Karachi Kobe London

Bangoon

Bio do

Jansiró Зад

Francisco

Los Angeles Seatția

Semarang Shanghai

Manila Moji

(Dalny) Nagasaki Singapors

Soerabaya

(Mukdea) New York Sydney.

Dairen

Branches and Agencies :-

Amoy Batavia Bonbey

Kowloon Penang

Sourabay

Fengtian

Nagoya

Loudea Langua

Swatow

Manila

Devika

Paris

Meigan Melbourne San Fran NARARK

Tiantaiz New York Seattle Tokyo.

Semarangi

Vancouver Shanghai Tokohama

Syday

Thou

Hamburg Osaka

Tientain

eisoe

Hankow Otar

Harbin

Paris

Tokyo Tsingtao

Hong KongPeiping Vinkow

Paping

nesporn

Deposits received for Fixed

application.

Interest allowed on Current Ac ants,

This view is not borne out by amination he admitted that he some American statistics which went into film producing at the have been quoted in the trade age of 15, and several companies he promoted were failures. His journal "Motor Commerce," the contrary, these statistes sug last attempt was to float a £100.- gest that the one-year-old car is 000 company

To do this he travelled about the the most liable to be involved in an accident, and that very. old Continent, staying at the best cars are relatively safe. This is hotels and entertaining lavishly in an unexpected result: yet the the hope of getting people interest-

the compiled by ed in the proposition. All this was, Agures were Washington State authorities, and done at the expense of his credi- show the relationship between cars tors. registered and numbers of accl-

Looking at it as an ordinary cotta

Canton dents or vehicles up to nine years commercial transaction. It

was Haiphong

Bankow old.

Honolula nothing more, than a gamble with borrowed capital. In

addition o Amery had contributed to his bankruptcy by rash and hazardous and Exchange business transacted; Periods at rates to be obtained on

Every description of Banking speculation and by unjustifiable Loans grunted on approved extravagance in living,

Y. KANO, AT CREDITORS' EXPENSE

Current Accounts opened in

Manager Local Currency and Fixed De Hong Kong, 11th Bept., 1937, The objection to the discharge pesits received for one year or and was supported by Mr. J. Goldman,shorter periods in Local for the trustee in bankruptcy. He Foreign Currencies on terms which Bald Amery was a young man who will be quoted on application. was not a fool, but very quick- Safe Deposit Boxes To Let

KAN TONG FO. witted, and had embarked on an

Chief Manager. extravagant career at the expense of creditors.. It seemed to be a case with him, of "Heads I win, talls you lose."

the

GNE-YEAR CAR'S RECORD. One-year cars, although they re- present less than 15 per cent of vehicles registered, were in more than 21 per cent, of the ac- cidents. This is by far the worst Ogure. Next come the two-year- old and next the four-year-old

The result was that the cara.

distributive trade had a very good class of employee. To-day, however, they were fighting against con- ditions which were not attracting the best type of assistant.

After that the older cars

seem to maintain a high degree of safety. The safest times of all appear to be when the car is new; when it is three years old and when it is five years old.

Before any deânite conclusions could be drawn from such statis- tics, a great deal of additional in- one formation would have to be obtain.

Mr. F. E Herrin (London) sald he had had his name on the books of an employment bureau for two months without receiving

Mr. A. Chinner, for Amery, said: satisfactory reply: He had had toed about their compilation. But "This young man unfortunately ask two of his ex-assistants, who this suggested "danger" period, at got in with a set who traded on one year, provides matter for in his name, and the names of his had, left him to be married, to

teresting speculation. It seems to parents when he was still a minor. come back and fill vacancies.

The very girls he wanted were me that the reason is more likely He had entered the cinematograph flocking into factories: yet he con- to lie in the driver's attitude to-bustriess, which was a gamble from

dered that conditions in his shop wards the car than in the car itself. beginning to end." were just as good as, if not better than, those in the factory.

THE SMALL BUSINESS

At one year most cars are run- Amery told the Judge he wanted ning at their best. The engines to make money, but he had no are run in and everything is nice- hope of doing so until he obtained Mr. E. W. Busby (Bradford) y bedded down. But it may be his discharge. He was anxious to said that a privately-owned, small that by then the driver is less make a fresh start and pay back business, with active, well-conscious of glistening paintwork ali be owed: " respected man at its head, could and a trife less careful to pre- serve it, while at the same time hold its own against the big firms,

In Nottingham and Leicester, hehe realises that he can now make sald, employment was regular and calls upon the-full-performance there was no "swank."'All the of the car,

an

661

1/31

ON PARIN:-

Bank Bills, on 'demand 885 Credits, 4 month's sight 945:

On Demand

1021

ON B&IGON: ---

ON SINGAPO2":-

On demand... 89.

On demand

621

OX MANILA:-

On demand

On JAPAN:

On Banaxor-

On demand

too

On demand

Bovansions. Bank Buying

Rate BAR BILTIL DAY ON-

st

14P

1/31/18

20

ble tnortgages on them Mortgages Ing power everywhere

Tel-graphic Transtar... 382

Baek, oo “demand-----

familles were wage-earners, and

people were satisfied with reason-

The Judge said it was not uncom- mon in these days for young men. to indulge in heavy business trans- actions and to live lavishly. He- thought he was right in refusing the application, but Amery could apply for a discharge in three

able houses instead of houses with were a tremendous drag on spend years' time if his conduct continued

to be satisfactory.

securities.

H. K. STOCK ·

EXCHANGE

SATURDAY'S OFFICIAL QUOTATIONS

The market was quietly steady. Douglases, $481. Indo-Chinas (Pref.), $51. Indo-Chinas (Def.), $43, Union Waterboats, $9.30. Chinese Estates, 388 X.Div. Peak Trams (old),$5. Peak Trams' (new). $24 Wm. Powell, Ltd., 40, cts. Constructions (old), $1.60.

FLAX GROWING AT SANDRINGHAM

To Be Revived On Large Scale

a

The cultivaten of flax on large scale at Sandringham, which during the past eighteen months has been less actively pursued, 'is to be revived by the King.

A considerable quantity of the linen used at Bandringham and Buckingham Palace is manufac- tured from flax grown"in Norfolk.

It is nnderstood that steps, are to be taken to increase the acreage in East Anglia as well as in Scot- land,

It is probable that the scheme" proposed some time ago to erect a.. factory for deseeding and pro- cessing the flax grown locally will be proceeded with and that fax- growing may become an important ILK. Govt. 31% Loan, 14% Prm. Industry in the Eastern counties.

Constructions (new); $1.